Common use of Representative Director Clause in Contracts

Representative Director. (a) The JV Company shall have one (1) Representative Director, who shall have a term of three (3) years. The Representative Director shall be appointed, removed and terminated by the Bloom Energy Directors. (b) The Representative Director shall, in such capacity, be the chief executive officer (CEO) of the JV Company and have the power and authority to be in the general and active charge of the entire business and affairs of the JV Company, including general supervision, direction and control of the Business and the officers of the JV Company, including corporate policy and strategy, and shall have the obligation to manage the day-to-day operations of the JV Company and the respective Business (other than the matters tasked to the COO) and make decisions which do not require approval of the Board of the Members, as well as such other powers and authorities granted pursuant to applicable Laws and the Articles of Incorporation. All employees must be personally approved by the Representative Director (other than the COO).

Appears in 2 contracts

Sources: Joint Venture Agreement (SK Ecoplant Co., Ltd.), Joint Venture Agreement (SK Ecoplant Co., Ltd.)